Root Financial Partners LLC Increases Stake in Tesla, Inc. $TSLA

Root Financial Partners LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 146.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,510 shares of the electric vehicle producer’s stock after buying an additional 12,795 shares during the period. Tesla comprises 0.5% of Root Financial Partners LLC’s portfolio, making the stock its 24th largest holding. Root Financial Partners LLC’s holdings in Tesla were worth $9,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Norges Bank purchased a new stake in Tesla during the fourth quarter valued at approximately $17,128,100,000. Vanguard Group Inc. increased its holdings in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares during the last quarter. Holocene Advisors LP increased its stake in shares of Tesla by 132.2% in the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock worth $2,738,141,000 after purchasing an additional 3,505,000 shares in the last quarter. Capital World Investors increased its stake in shares of Tesla by 5.8% in the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after purchasing an additional 2,403,019 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Tesla in the fourth quarter worth $748,084,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s May registrations surged in several European markets, including a 655% jump in France and more than a doubling of sales in Spain, signaling a potential recovery in demand and supporting hopes for a Q2 delivery beat. Reuters article
• Positive Sentiment: Andrew Left’s securities fraud conviction removed a high-profile Tesla critic from the short-selling debate, which some investors view as a modest sentiment boost for TSLA. TipRanks article
• Positive Sentiment: Tesla backed away from terminating its graphite supply agreement with Syrah Resources, reducing a supply-chain overhang even though the issue appears to be still under qualification. Reuters article
• Neutral Sentiment: Investors are increasingly focused on whether a future SpaceX IPO could create a benchmark for the “Musk premium” embedded in Tesla’s valuation, but the implications remain highly speculative. Benzinga article
• Neutral Sentiment: Analysts and market commentary continue debating a possible SpaceX-Tesla merger, but the deal is still theoretical and may be more headline-driven than fundamentally actionable for TSLA today. Motley Fool article
• Negative Sentiment: Tesla stock faced renewed pressure as OpenAI and Nvidia moved deeper into humanoid robotics, raising concerns that Tesla’s Optimus project could face stronger competition. TipRanks article
• Negative Sentiment: BYD and NIO posted strong May sales and delivery figures, highlighting intensifying EV competition in China and abroad that could weigh on Tesla’s growth narrative. Benzinga article

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSLA. Glj Research reissued a “sell” rating on shares of Tesla in a research note on Tuesday, April 21st. Canaccord Genuity Group increased their price objective on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. President Capital increased their price objective on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Tigress Financial began coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Tesla in a research note on Monday. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $395.20.

Tesla Price Performance

TSLA stock opened at $415.88 on Tuesday. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $392.55 and a two-hundred day simple moving average of $416.03. The firm has a market capitalization of $1.56 trillion, a P/E ratio of 381.54, a price-to-earnings-growth ratio of 17.21 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter last year, the business earned $0.27 earnings per share. Tesla’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,482 shares of company stock valued at $21,508,331 in the last 90 days. Company insiders own 19.90% of the company’s stock.

Tesla Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.